Brexit is having an uneven impact on the U.K. housing market, with pro-Remain areas such as London taking the brunt of falling confidence, according to estate-agency chain Haart. Using data on registrations, sales and listing across 20 local branches, it found that regions that supported Britain exiting the European Union have seen more buoyant property-market […]
China’s booming property market is showing further signs of cooling with official data finding another step down in price inflation and more cities reporting price declines in July. In the 70 cities surveyed by the National Bureau of Statistics (NBS), 51 reported price gains in new houses, down from 55 in June and a peak […]
Damac Properties chairman said the property market in Dubai “remains solid”, with healthy interest in its growing portfolio of luxury villas and apartments. Hussain Sajwani, chairman of Damac Properties, speaking after the developer announced a 37 percent drop in its quarterly net profit – $241.4 million for the three months to June 30 – said […]
London property rents fell for the first time in six years in July, a major U.K. estate agency said on Monday, with landlords opting to rent out rather than sell houses in the wake of the U.K.’s vote to leave the European Union (EU). Rents in the capital city fell by 0.5 percent over the […]
Property broker JLL has said the UK’s vote to leave the European Union will delay the Dubai housing market’s recovery by six months. After two years of falling house prices, JLL had previously forecast, the residential market in the emirate would start to recover either towards the middle of this year or later. However, with […]
